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Consolidated Statements of Cash Flows
¥ in Thousands, $ in Thousands
 12 Months Ended
Dec. 31, 2020
CNY (¥)
Dec. 31, 2020
USD ($)
Dec. 31, 2019
CNY (¥)
Dec. 31, 2018
CNY (¥)
Cash flows from operating activities:        
Net income ¥ 12,330,235 $ 1,889,692 ¥ 21,431,126 ¥ 6,477,417
Net loss/(income) from discontinued operations     (7,962,519) 2,138,682
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 3,457,782 529,928 2,613,782 2,060,135
Fair value change of equity security investments and other financial instruments (720,565) (110,431) (751,693) 248,169
Impairment losses on investments and other intangible assets 58,395 8,949 177,567 159,703
Share-based compensation cost 2,663,489 408,198 2,404,089 2,471,731
Allowance for/(Reversal of) doubtful accounts/expected credit losses 40,600 6,222 (28,583) 50,954
(Gains)/Losses on disposal of property, equipment and software 6,482 993 5,122 (1,385)
Unrealized exchange losses/(gains) 3,102,492 475,478 (9,981) 31,998
Gains on disposal of long-term investments, business and subsidiaries (27,063) (4,148) (98,489) (213,339)
Deferred income taxes 88,179 13,514 150,629 (70,621)
Share of results on equity method investees and revaluation gains from previously held equity interest (302,602) (46,376) (4,322) 98,301
Fair value changes of short-term investments (580,732) (89,001) (657,606) (463,483)
Changes in operating assets and liabilities:        
Accounts receivable (530,413) (81,289) (11,314) (612,656)
Inventories 29,699 4,552 415,057 (81,440)
Prepayments and other assets (13,554) (2,077) (1,488,564) (719,035)
Accounts payable (86,352) (13,234) 13,229 112,435
Salary and welfare payables 528,927 81,062 146,146 725,515
Taxes payable 1,126,648 172,666 (133,801) 685,024
Deferred revenue 2,342,916 359,068 883,742 1,757,874
Accrued liabilities and other payables 1,373,608 210,515 (182,646) (196,136)
Net cash provided by continuing operating activities 24,888,171 3,814,281 16,910,971 14,659,843
Net cash (used in)/provided by discontinued operating activities     305,487 (1,243,966)
Net cash provided by operating activities 24,888,171 3,814,281 17,216,458 13,415,877
Cash flows from investing activities:        
Purchase of property, equipment and software (1,055,572) (161,773) (1,209,477) (2,169,404)
Proceeds from sale of property, equipment and software 17,540 2,688 60,601 6,688
Purchase of intangible assets, content and licensed copyrights (2,234,915) (342,516) (2,119,307) (1,741,225)
Purchase of land use right       (2,926,795)
Net change of short-term investments with terms of three months or less (1,655,930) (253,782) (1,023,165) (1,172,326)
Purchase of short-term investments (19,905,000) (3,050,575) (22,370,000) (13,393,000)
Proceeds from maturities of short-term investments 24,126,210 3,697,503 20,225,342 13,071,359
Investment in equity method investees (345,662) (52,975) (450,695) (272,451)
Investment in other equity investments and acquisition of subsidiaries (2,062,030) (316,020) (1,111,493) (2,751,040)
Proceeds from disposal of investment in equity investees, businesses and subsidiaries 722,076 110,662 406,702  
Placement/rollover of time deposits (91,518,767) (14,025,865) (77,083,350) (41,553,428)
Proceeds from maturity of time deposits 64,880,317 9,943,344 54,381,647 39,924,525
Change in other long-term assets (160,674) (24,624) (42,345) (133,039)
Amounts (paid to)/received from disposed businesses     9,031,051 (1,889,560)
Net cash used in continuing investing activities (29,192,407) (4,473,933) (21,304,489) (14,999,696)
Net cash provided by/(used in) discontinued investing activities     (832,252) 1,430,181
Net cash used in investing activities (29,192,407) (4,473,933) (22,136,741) (13,569,515)
Cash flows from financing activities:        
Net proceeds from short-term loan with terms of three months or less 3,723,109 570,591 2,538,267 6,194,113
Proceeds of short-term loan 1,136,495 174,175 730,087 34,256
Repayment of short-term loan (818,539) (125,447) (296,823) (18,761)
Dividends paid to shareholders (4,280,462) (656,010) (8,840,634) (1,440,194)
Net proceeds received from issuance of shares in Hong Kong 21,911,815 3,358,133    
Repurchase of redeemable noncontrolling interests (462,650) (70,904)   (780,000)
Proceeds from issuance of redeemable noncontrolling interest shareholders, net of issuance cost     5,242,180 5,294,174
Repurchase of noncontrolling interest       (195,000)
Capital injection from noncontrolling interest shareholders 194,307 29,779 1,698,810 15,510
Cash (paid for)/refund received from repurchase of NetEase's/purchase of Youdao's ADSs (11,490,988) (1,761,071) 10,638 (7,516,679)
Net cash provided by financing activities [1] 9,913,087 1,519,246 1,082,525 1,587,419
Effect of exchange rate changes on cash, cash equivalents and restricted cash held in foreign currencies 161,894 24,811 29,080 81,511
Net increase/(decrease) in cash, cash equivalents and restricted cash 5,770,745 884,405 (3,808,678) 1,515,292
Cash, cash equivalents and restricted cash, beginning of the year 6,397,860 980,515 10,206,538 8,691,246
Cash, cash equivalents and restricted cash, end of the year 12,168,605 1,864,920 6,397,860 10,206,538
Supplemental disclosures of cash flow information of continuing operation:        
Cash paid for income taxes, net of tax refund 2,046,119 313,581 3,193,802 2,003,158
Cash paid for interest expenses 246,051 37,709 431,395 301,761
Supplemental schedule of non-cash investing and financing activities of continuing operation:        
Fixed asset purchases financed by accounts payable and accrued liabilities ¥ 337,333 $ 51,699 ¥ 304,944 ¥ 351,610
[1] There is no financing activity from discontinued operations.